Janet Yellen: Credit downgrade ‘puzzling’ and ‘unwarranted’
Janet Yellen defends the US, as stock markets fall after credit downgrade. Source link
Category: Business
SBP keeps key policy rate unchanged at 22% | The Express Tribune
KARACHI: The central bank on Monday announced that the key policy rate – the cost of banks’ lending – would remain unchanged at 22 per cent. Notably, in its first meeting after a new loan programme by the IMF, the SBP was scheduled to review its key policy rate today. It was to assess whether it…
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Pakistan’s total foreign reserves reach $13.53 billion – SUCH TV
The total liquid foreign reserves of Pakistan stood at US$13,534.1 million while reserves held by the central bank reached $8,186.1 million. The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by US$ 541 million to US$ 8,186.1 million mainly due to external debt repayments during the week…
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Gold Rate Rises Today In India: Check Latest 22 Carat Price In Your City On July 27 – News18
Check gold rates in different cities on July 27, 2023. (Representative image) Gold rate today: Retail gold price in India per 10 grams is trending above Rs 60,000 in many cities on July 27 Gold Rate Today In India: Retail gold price in India per 10 grams of the yellow metal is trending around Rs 60,000 in many cities on July…
Watch: Delhi Traffic Cop Takes Rs 5,000 From Korean Without Issuing Receipt; Suspended
A Korean vlogger, has shared a video of his recent trip to Delhi, on his YouTube channel called Fitvely. In the video, a traffic cop can be seen taking cash from the Korean guy for allegedly violating a traffic norm in the New Delhi area. Later, a Twitter user Priya shared the video link and…
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How a Drug Maker Profited by Slow-Walking a Promising H.I.V. Therapy
In 2004, Gilead Sciences decided to stop pursuing a new H.I.V. drug. The public explanation was that it wasn’t sufficiently different from an existing treatment to warrant further development. In private, though, something else was at play. Gilead had devised a plan to delay the new drug’s release to maximize profits, even though executives had…
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HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place – Times of India
NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more…
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Food price growth slows for fourth month, say shops
Shoppers are spending more on promotions to save money but overall inflation remains “high”. Source link
Credit Suisse inquiry to keep files secret | The Express Tribune
ZURICH: A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission will hand over its files to the Swiss Federal Archives after a much longer…
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Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV
The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day. Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the balance amount…
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